Bill Lockyer, the treasurer of the great state of California, which also just happens to be the lowest- rated, most populated state is preparing to offer up $15 billion dollars worth of bonds in order to refinance debts and to fund public works projects. Now, I lived in California, in the State Capitol, Sacramento, for five years in the late 70’s, early 80’s, and so I am well aware that numerous individuals out there are on one drug or another, geez, I mean the Governor used to do steroids and I believe Marijuana possession of under an ounce is a misdemeanor that they treat like a traffic ticket but I think it is a mistake to let the treasurer of the state smoke it.

Look, let me make this clearer; the U.S. Government offers Treasury bonds that are usually considered to be the safest bet to investors but are now becoming increasingly hard to peddle as they are backed up by tons of worthless MBS and derivatives that have, for all intents and purposes, little or no value, and California is the biggest debtor State in the country and is estimated by some experts as a bankrupt state with no way to rid itself of its massive debt-load.

What investor with even an ounce of sense is going to touch these bonds? Wait … don’t answer that … I do remember the tons of investors buying up houses in Florida and, in fact, I am dealing with many of them now, who claim to be nothing more than “victims.” Yeah, they were victims alright, victims of their own greed.

Aw well … life goes on … the beat goes on … and the bonds are put up for sale but if you buy any of this junk … well … don’t say I didn’t warn you.

And, I just read in the paper that one and a quarter billion people, about one-fifth of the world’s population, many of them children, are starving. That’s one in every five people. Man. And here everything is about money. Can we not just: “forgive us our debts as we forgive our debtors?” No, don’t think it would work, do you? Not realistic enough, I know. But, tell me please, why not? Why wouldn’t it work? We’ve tried greed and hoarding our possessions and it obviously hasn’t worked; why not give this a try? Just sayin’ …

May our friends respect us, trouble neglect us, angels protect us and heaven accept us.